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Tamme bridge loan refinancing 2

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Product Description

  • The loan will be used to refinance current EstateGuru outstanding loan with a purpose to cover the additional financial expenses occurred in the last phase of the development preparation (projection, marketing, preparation for the construction).
  • The loan is secured by residential land plots with a building right in Harju County, Harku parish, Tabasalu.
  • The EstateGuru security agent will have the 1st rank mortgage on behalf of the lenders.
  • The loan will be returned from refinancing with a development loan in 9 months period.
  • LTV (Loan-to-Value) ratio is 63%
  • The borrower will add 1% interest for investments over €10,000 (total 12% p.a)

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Investment goal:
294 000 €

Funded:
294 000 €

Funded percent:
100.0%

Country:
Estonia

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